Income tax, state; career and technical education equipment tax credit. (HB1480)
Introduced By
Del. Dave Nutter (R-Christiansburg) with support from co-patron Sen. Bill Carrico (R-Grayson)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; career and technical education equipment tax credit. Provides a corporate and individual income tax credit for approved and accepted donations of career and technical equipment to Virginia's public school systems. The credit, available for taxable years beginning on or after January 1, 2007, will be 50% of the assessed value of the equipment but may not exceed that taxpayer's tax liability. It may be carried over for 5 years. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/19/2006 | Presented and ordered printed 065734436 |
01/19/2006 | Referred to Committee on Finance |
01/24/2006 | Assigned to Finance sub-committee: #3 (Ware, R.L.) |
02/06/2006 | Fiscal impact statement from TAX (HB1480) |
02/15/2006 | Left in Finance |